Napkin Ideas can Make Big Business

–Every idea is worth documenting says Jan Tore Tveranger CTO of Entech. The company takes good ideas methodically and efficiently to market.

Entech’s idea bank contains everything from sketches on napkins to detailed business plans, says Jan Tore Tveranger, Chief Technology Officer from Entech – a startup company founded in 2017 and a new member of GCE Ocean Technology.

Entech recently launched their “Technology Partner Initiative” and now welcomes anyone to contribute with new ideas or pose challenging problems that need solutions.

Entech successfully designed, fabricated and tested three different prototypes during their first three months of operations, Jan Tore Tveranger, CTO of Entech

From Idea to Market

The ideas from Entech’s idea bank that passes initial screening, goes through a feasibility study where the potential project's relevant factors are taken into account and to ascertain the likelihood of completing the project successfully.

– If they pass our evaluation matrix, the ideas become development projects. This is where we design, prototype and quality check the products, says Tveranger.

The product is thereafter validated and goes through piloting and field trials before they continue into the final phase called “offloading”.

– Offloading means executing one of three strategies: Establishing a sales and distribution channel, licensing to a service partner, or selling the intellectual property, says Tveranger.

Why Cluster

– We wanted to become part of GCE Ocean Technology to expand our local network in Bergen and Norway. Up until now, we have been focusing our efforts in the oil and gas markets outside Norway, but we want to explore the opportunities to grow business locally, also within renewables. Just now it seems to be a positive drive around this, and we would like to be a part of it, says Tveranger.

– Another aspect is to find new partners that we can help by levering our global network. So hopefully we can make this work both ways, Tveranger ends.